Nearly 6,000 policies were added last week. But that number could drop as 7 insurers were approved to assume as many as 202K policies from Citizens this week.

NAHB: Attitudes about current production conditions for multifamily housing ranked low, while attitudes about occupancies in existing apartments rated highly positive.

Florida Realtors: Fla.’s single-family median price up 2% ($410K), condo median up 3.9% (over $321K). Pending sales and new listings rose in both property categories.

At an NAR panel last week, industry experts said that when multiple generations live together, it can help address affordability concerns and homeownership gaps.

To get past the front door, take value-adds along like handouts with info about local events, home improvement ideas, or other tips.

Last week’s approval ended the threat of a government shutdown until after the holidays and pushed a fight over the federal budget into January 2024.

RE Q&A: An estoppel found a small credit to the seller that the buyer reimbursed at closing; therefore, the HOA should honor the credit balance on the unit’s account.

Zonda’s New Home Lot Supply index showed the U.S. lot supply loosened year-over-year in the 3Q. But Miami was in the top 3 for tightest lot supply among major markets.

The BOD supports a tax policy proposal for a temporary tax credit for long-time owners of single-family homes to encourage them to sell their home to an owner-occupant.

Answer: More goods, workers and housing. Overall inflation didn’t rise from Sept. to Oct., the 1st time consumer prices haven’t changed month to month in over a year.

Freddie Mac Chief Economist: “New data indicate inflationary pressures are receding” – which, along with lower mortgage rates, may lure more homebuyers into the market.

Overall housing starts rose 1.9% to a seasonally adjusted rate of 1.37M units. NAHB chair: A lack of for-sale existing homes supported new construction demand.

As artificial intelligence and technology evolve, AI can transform some tasks real estate pros do, like automating marketing or making home showings more efficient.

OIR: That’s up from $287.8M in late Oct. As of this week, a total of 25,047 claims have been filed for Idalia damage. The hurricane made landfall Aug. 30.

A S. Tampa home is in a legal fight that may impact interpretation of Fla.’s homestead law. At issue? A 2017 court decision gave the home to a law firm over debts owed.

NAR attorneys: Real estate professionals should maintain clear communication with clients about the services they provide and how they get paid.

NAR Chief Economist Yun: Except for office space, commercial property rates are expected to stabilize, though higher interest rates are impacting commercial loans.

Last week, it was 7.5%. It’s the third weekly drop in a row, good news for buyers facing persistently high prices and a near-historic low number of for-sale homes.

CoreLogic: Nine out of 10 residential properties are still selling for a profit in 3Q 2023, despite the recent downturn in the housing market.

NAHB’s index for builder confidence fell six points to 34, the lowest level since Dec. 2022. But some data indicates improving conditions ahead.